President John Dramani Mahama has announced that whistleblowers who provide credible information leading to the arrest of illegal gold traders will be entitled to 10% of any gold or cash recovered.

He made this announcement during the inauguration of the Ghana Gold Board Task Force in Accra on July 8, 2025, which is mandated to combat illegal gold trading, smuggling, and price disruptions in the gold market.

According to the President, the task force aims to ensure that Ghana derives the full benefits of its gold resources. Citizens who assist the task force by exposing illicit activities will be significantly rewarded.

"Anyone who blows the whistle is eligible to receive 10% of the seized gold or cash value. So, whistleblowers, get ready. If you report someone and gold or cash is retrieved, you will receive 10% of its value," he said on July 8, 2025, during the inauguration of the task force.

President Mahama also cautioned members of the task force against abusing their authority, stressing that misconduct would attract swift and severe consequences.

"To the task force, let me be clear, abuse of authority will not be tolerated. Any officer found engaging in misconduct will face immediate sanctions, including possible dismissal, prosecution, and forfeiture of entitlements," he warned.

He further reiterated the government’s firm stance against illegal gold trading, stating that offenders would not be spared when apprehended.

The President encouraged all individuals interested in engaging in gold trading to apply for a license from the Ghana Gold Board (GoldBod).

"Let this serve as a warning to all those involved in gold smuggling and illegal trade; the law will be enforced without fear or favour. The Gold Board Act prohibits unlicensed trading and bans foreigners from purchasing gold on the local market.

"Any breach of this Act could result in a fine of up to 2.4 million Ghana cedis, imprisonment for five to ten years, or both. You could face a prison sentence and still be required to pay the fine. This is a clear warning to those involved in the illicit gold trade," he emphasised.

SSD/MA

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